Mitsubishi UFJ Asset Management Co. Ltd. Purchases 9,402 Shares of Everest Group, Ltd. (NYSE:EG)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,859 shares of the company's stock after buying an additional 9,402 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of Everest Group worth $28,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of EG. Vanguard Group Inc. lifted its stake in Everest Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company's stock worth $2,026,428,000 after acquiring an additional 17,346 shares during the period. Vulcan Value Partners LLC grew its stake in shares of Everest Group by 35.8% during the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company's stock worth $482,832,000 after purchasing an additional 350,019 shares during the period. Dimensional Fund Advisors LP grew its stake in Everest Group by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 572,132 shares of the company's stock valued at $207,368,000 after acquiring an additional 13,138 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Everest Group by 11.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 552,972 shares of the company's stock valued at $200,911,000 after purchasing an additional 56,410 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Everest Group by 14.7% during the 4th quarter. Northern Trust Corp now owns 419,481 shares of the company's stock worth $152,045,000 after acquiring an additional 53,849 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of NYSE EG traded up $0.12 during trading hours on Thursday, hitting $336.88. 197,327 shares of the company's stock were exchanged, compared to its average volume of 405,440. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.24 and a beta of 0.50. The company's 50-day moving average price is $335.48 and its 200-day moving average price is $344.10.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating the consensus estimate of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%. The firm had revenue of $4.49 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the prior year, the firm posted $16.85 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group's payout ratio is 42.46%.

Insider Buying and Selling

In other Everest Group news, CEO James Allan Williamson acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the purchase, the chief executive officer owned 25,618 shares of the company's stock, valued at $8,658,115.46. This represents a 4.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on EG. Cantor Fitzgerald raised Everest Group to a "hold" rating in a research report on Wednesday. Raymond James Financial reissued a "strong-buy" rating and issued a $410.00 target price (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Janney Montgomery Scott began coverage on Everest Group in a research report on Friday, June 20th. They set a "buy" rating and a $425.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on Everest Group from $405.00 to $416.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Finally, Evercore ISI dropped their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $397.14.

Everest Group Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.